How Ramp is Fuelling AI Spend Management Expansion

Ramp continues to accelerate its mission of saving companies time and money.

As of May 2026, the median Ramp customer saved 50% more dollars and 32% more hours year-over-year, with those savings more than doubling for users on the full platform suite.

Driving velocity and global expansion

This massive value surge is driven by aggressive product velocity. In just the past few months, Ramp shipped more than 70 products and features, finalised the strategic acquisitions of Billhop and Juno to anchor an upcoming European expansion and deepened its Visa partnership to enable AI agents to execute autonomous corporate payments.

The company has announced a US$750m primary financing round led by ICONIQ, GIC and Ontario Teachers' Pension Plan, valuing the company at US$44bn. New investors include Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners and BroadLight Capital.

Previous investors who participated are Founders Fund, Lightspeed Venture Partners, D1 Capital Partners, T. Rowe Price, General Catalyst, Alpha Wave Global, 137 Ventures, Thrive Capital, Coatue, Sands Capital, Khosla Ventures, 1789 Capital, Avenir Growth, BoxGroup, 8VC, Pinegrove Venture Partners, Definition Capital and Stripes.

Eric Glyman, Co-Founder and CEO of Ramp, says: "For 500 years, business ran on two pillars of spend: people and vendors. In the last 24 months, a third arrived – intelligence, paid by the token and invisible to every system we've built to manage cost. Ramp is the infrastructure for the third pillar."

Capturing the AI economy

Despite scaling to roughly 20 times its previous size, Ramp accelerated its Total Payment Volume (TPV) by approximately 170% year-over-year in March 2026, marking its highest growth rate in three years. This surge is fuelled by a strategic expansion into entirely new categories, including token spend management to tackle the fastest-growing cost in modern business. Additionally, Ramp is entering the accounting firm market for the first time through its new platform, Stack, positioning the company as the primary infrastructure for managing emerging AI-driven expenses.

Recent launches include:

• Ramp Stack: the AI operating system built for today's top accounting firms
• AI token spend management: visibility and control over AI costs
• Ramp Budgets: real-time budget tracking across every team
• Procurement agents: automated purchasing from request to payment
• Accounting agents: autonomous close and reconciliation workflows
• Ramp for Startups: spend infrastructure built for early-stage companies.

Ramp applies the same AI focus internally as it does to its product suite, investing heavily in proprietary automation tools to streamline its own operations. This includes Inspect, an internal software factory responsible for writing more than two-thirds of the company's code base. Additionally, Ramp deployed Glass, an all-in-one AI workspace that equips every team from engineering to legal, driving internal AI adoption to an impressive 99.5%.

Eric adds: “We're growing as fast as we were three years ago, at roughly twenty times the size.

“And that's because finance is going through the biggest structural change since the spreadsheet. Every company needs infrastructure to navigate an AI economy, from a CFO in London to an accounting firm in Wichita. While we're growing fast, we still only serve a fraction of the market. There's a lot more work to do."